Santa Catalina De Sillacancha Group

This little bank goes by the name "Santa Catalina de Sillacancha". It is named after the patron saint of the Sillacancha community in the village of Calca, in Cusco province, located an hour and a half from the city of Cusco, part of the Sacred Valley of the Inca.

The bank is composed of 7 women and 5 men who dedicate themselves primarily to agriculture. The area has a mild, fertile climate, and among its produce, they grow corn, potatoes and other vegetables and a variety of fruits. The associates of the bank will invest their loan in purchasing fertilizers and other goods, such as seeds for the new planting season, working the land prior to being able to plant it again. Many of them are also vendors, selling their vegetables and fruits to different places throughout the region. They also create delicious jellies from the pulp of the fruit, keeping them 100% natural and not using preservatives.

The partners appreciate and are grateful for the loan, since in these rural areas, they cannot get simple loan from a financing institution. For that reason, they are committed to paying back the loan in the time period specified, and they reiterate their support for the members who want to get ahead.

Translated from Spanish by Shannon Skoglund, Kiva Volunteer

Este banquito responde al nombre de "Santa Catalina de Sillacancha"; lleva el nombre de una santa patrona de la comunidad de Sillacancha en el poblado de Calca, de la provincia del Cusco, ubicado a 1hora y 30 minutos de la ciudad del Cusco, es parte integrante del valle sagrado de los inkas.

Este banco está conformado por 07 mujeres y 05 varones, quienes se dedican principalmente a la agricultura, está zona posee un clima cálido y fértil; en la que se cultiva entre los productos de maíz, papa, hortalizas y otros, diversidad de frutas, las socias del banco invertirán el préstamo otorgado en la compra de fertilizantes y compra de productos como las semillas para la nueva temporada de sembrío, previo al trabajo de tierras para poder ser cultivadas nuevamente; muchas de ellas son también comerciantes, llevan sus verduras y frutas a diferentes lugares de la región, también elaboran riquísimas mermeladas de pulpa de frutas, sin utilizar conservantes, son productos 100% naturales.

Las socias valoran y agradecen el préstamo otorgado, ya que en estás zonas rurales, no se adquiere a la banca financiera de forma menos compleja; por lo tanto ellos se comprometen a la devolución del mismo en el plazo estipulado y reiteran su apoyo a estos socios con deseos de superación.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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